ANSWER:

This is totally prohibited as this fixed profit is riba and one of the major sins in Islam. Besides, you don’t know what they had used your money in selling or whether they sold anything or simply deposited and took interests on it from a bank. 

QUESTION: My question: amazon has an app (Smart Store) we deposit an amount in their account/app. Amazon sells products worth that amount of th we deposit and will pay us 3% profit everyday (eg. On 100 dollars everyday amazon will pay 3 dollars and at the end of day will have 103 dollars in our account). Is this Halal or Haram ?

Riba | April 27, 2023 6:35 pm
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QUESTION: I have a question regarding trading in the futures market. I know that they want a percentage and that is called riba and that is haram. But, recently I have come across a platform that doesn’t charge any fees. The platform is called Gate.io I think it is halal to trade futures in this platform because:
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QUESTION: A supermarket in our residential area has a membership program. I need to pay 200 Bangladeshi Taka to enroll in this program. Then for every 100 Taka worth of purchased goods, they will reward me with 1 point. I can use these points in my next purchases side-by-side with real money. In that case, 1 point is considered 1 Taka. Is it permissible to enroll in this program?